The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

FIRST-IN, FIRST-OUT (FIFO) Definition & Legal Meaning

Definition & Citations:

1. inventory handled by the idea that they are sold in the same order they are bought. The first things bought are the first sold. It has a high value in high inflation rates causing lower cost goods to be sold at a higher price. 2. the idea that the first


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